Tidewater Midstream and Infrastructure (TSE:TWM) Trading 2.6% Higher – Time to Buy?

Posted by Cynthia Vaughn on Feb 4th, 2025

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Free Report) shares rose 2.6% during trading on Tuesday . The stock traded as high as C$0.21 and last traded at C$0.20. Approximately 203,164 shares traded hands during trading, a decline of 61% from the average daily volume of 519,855 shares. The stock had previously closed at C$0.20.

Analysts Set New Price Targets

TWM has been the topic of several research analyst reports. Atb Cap Markets downgraded Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, November 15th. CIBC increased their price target on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a “neutral” rating in a research report on Thursday, January 9th. Finally, Scotiabank reduced their price objective on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$0.66.

Check Out Our Latest Analysis on Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Stock Performance

The company has a market cap of C$86.02 million, a PE ratio of -0.23, a P/E/G ratio of 0.64 and a beta of 1.67. The stock’s 50-day simple moving average is C$0.15 and its 200 day simple moving average is C$0.28. The company has a debt-to-equity ratio of 158.54, a quick ratio of 0.55 and a current ratio of 0.63.

About Tidewater Midstream and Infrastructure

(Get Free Report)

Tidewater Midstream and Infrastructure Ltd. operates as a diversified midstream and infrastructure company in the United States. The company primarily focuses on natural gas, natural gas liquids (NGLs), crude oil, refined products, and renewable products and services. It also engages in the sale of refined petroleum products, including gasoline, low sulphur diesel, and ancillary products, as well as renewable fuels and natural gas; and gathering, processing, transporting, extraction, and marketing of crude oil, natural gas, and NGLs.